Your Mortgage Payment….Financing Terrorist Operations That Kill American Soldiers and Fund Mexican Drug Lords….

Of course, I encourage my clients to engage in loss mitigation efforts and discussions with their lenders.   I insist upon it actually.
I want my clients to be participating in loss mitigation efforts that may lead to resolutions of the mortgage problems.   But this morning I had a client that explained she was uncomfortable making mortgage payments when the bank is accused of laundering money for drug cartels and terrorist organization.   Her son is in the military, he’s got friends who have paid the ultimate price fighting for their country and mom really did not want to make mortgage payments to Enemies of The United States of America and our soldiers…..
So does she have a good faith basis to plead not making mortgage payments as a conscientious objector?
A “pervasively polluted” culture at HSBC allowed the bank to act as financier to clients moving shadowy funds from the world’s most dangerous and secretive corners, including Mexico, Iran, Saudi Arabia and Syria, according to a scathing U.S. Senate report issued on Monday.
The report [link to PDF here] which comes ahead of a Senate hearing on Tuesday, said large amounts of Mexican drug money likely  passed through the bank.
HSBC’s U.S. division provided money and banking services to some banks in Saudi Arabia and Bangladesh believed to have helped fund al-Qaida and other terrorist groups, according to an Al-Jazeera story on the report.
MSNBC